Rario Secures $120 Million to Revolutionize Cricket NFTs

Funding Boost for Rario

Hold onto your wickets! On Thursday, Rario, the cricket-focused NFT platform, revealed it has locked in an impressive $120 million during its Series A funding round. The shots were fired by Dream Capital, the venture arm of Dream Sports, and it seems they didn’t hold back. With this sort of cash, Rario plans to take the digital cricket world by storm.

Rario’s Unique Positioning

Rario is no ordinary player in the NFT game; it holds the largest share of cricket NFT rights globally, thanks to collaborations with six major international cricket leagues and a roster featuring over 900 cricketers. Just imagine having virtual cards of your favorite cricket stars! Seriously, who wouldn’t want a digital Virat Kohli on their virtual mantelpiece?

Dream Sports: A Partner in Greatness

Now, let’s talk about Rario’s new teammate, Dream Sports. This sports tech juggernaut boasts more than 140 million users. With this collaboration, Rario is set to expand its reach, making it easier for cricket fans from all walks of life to become NFT collectors. It’s like getting a ticket to a front-row seat for every match, without having to risk your life in a stadium during a nail-biting finish.

The Rise of Digital Collectibles

Founded in 2021 by the genius minds from the Indian Institute of Technology Delhi, Ankit Wadhwa and Sunny Bhanot, Rario has already made waves by selling 50,000 NFTs to sports enthusiasts across 20 different countries. Wadhwa highlighted the impact of NFTs by saying, “These digital collectibles are transforming how fans engage with the sport, granting them ownership like never before!” We’re not just talking about memorabilia you stuff in a drawer – this is ownership on a whole new level!

A Winning Strategy

So, what’s Rario cooking up for cricket fans? The platform, built on Polygon (MATIC), allows users to buy and sell player cards effortlessly. However, a 5% transaction fee means that every time you sell, a little slice of your winnings will go to Rario. And don’t worry, if you’re not into crypto yet, you can settle transactions using good old-fashioned US dollars, credit, or debit cards. Um, can I get a round of applause for making this easier for everyone?

What’s Next?

With such strategic partnerships and a vast player database, Rario is on the verge of a revolutionary shift in how cricket fans interact with their beloved sport. The possibilities are endless, whether it’s owning a piece of cricket history or virtual trading cards. One thing’s for sure: the cricket community will never look the same!